Finance Head

Key Abilities: Corp A/C & related domain knowledge, Budgeting, Financial Analysis, Competitive
Intelligence, SBU MIS framework, Resourceful, Optimization Skills, Stakeholder Management
Key Soft Skills: Intra-Inter Synergy, Clarity, Drive, Solution Oriented, Optimist, Data Rational, Eye
for details, Conflict Management, Conscientious, Humble, Networking, Forward thinking

Role Objectives:

PRIMARY/SHORT TERM
1. Partner with CFO in managing Funds, ensuring financial governance.
2. Understand the current systems and processes in place and set up budgeting, cost control, financial analysis. Map and standardize across the organization
3. Streamline the accounts and finance department at SBU level
4. Complete a thorough risk analysis of the organization.

SECONDARY/LONG TERM
1. Robust ERP Implementation
2. Establish and strengthen Internal Controls
3. Set SOPs and adherence mechanism
4. Regular Internal Audit and Statutory Audited

Duties & Responsibilities
1. Accounting
a. Ensure that project accounting and revenue recognition is done for the construction contracts adhering to the Accounting Standards based of percentage of completion.
b. Place controls in place and monitor them
c. Ensure duties are allocated and accountability is developed in the department
d. Study and streamline processes and bring efficiencies in the organization
e. Ensure all Financial reconciliations are done and are in order
f. Ensure management reports capture the required information across the whole group and a consolidated picture is provided.
2. Forecasting, Budgeting & Cash Flow
a. Develop robust cash planning system where effective cost funds are properly planned
b. Develop and review effective financial forecasting
c. Engage with business for robust annual budget plans

3. Cost Control
a. Identify current cost control mechanisms in the organization
b. Identify methods and processes by which a reduction in costs can be realized operationally.
c. Train staff to undertake operational works with cost control in mind
d. Work with the team to implement new cost control mechanism based on Kaizen and other lean based theory.
4. Tax
a. Develop knowledge on local taxation and build adherence
b. Strategize, plan and implement in consultation with experts how to minimize tax liabilities for the business
5. Risk Management
a. Constantly identify key risks to the organization with regard to finance, tax, accounting, insurance, cost control, contractual and other functions.
b. Conduct a risk analysis and plan strategies for mitigation of these risks
c. Implement risk mitigation strategies in the organization
d. Review and understand all the company liabilities incl. contractual, leases, insurance, loan covenants etc.
6. Finance
a. Review financial status incl. usage of assets, financing costs, cash flows, options for financing, liquidity etc.
b. Develop mechanisms to ensure efficient use of finance within the organization i.e.,
ROI ratios, or ROA ratios that can be implemented
c. Identify methods on how we can optimize and reduce our financing costs, what are our collaterals, what is the risk associated with finance, how this can be reduced and controlled.
7. Innovation
a. Always try to improve the organization and department every single day
b. Challenge the Status Quo and identify ways to innovate and implement these
c. Keep up to date with new technology, processes, and knowledge
d. Develop innovative processes and systems that take account of local environmental conditions and are adaptable.

8. Team Building and Culture Development
a. Create a culture that embodies the company values in the team
b. Develop, Mentor and train team members to maximize their potential
c. Develop accountability and create tasks and goals.

9. Others
a. Review Agreements having financial impact
b. IFRS knowledge
c. Closely monitor the operations of Imports.
d. Responsible for Rental property management.

e. International Currency Fluctuations and strategy for Import
f. Develop finance and other businesses processes so that Shared service model can be implemented
g. Consolidation of financial Accounting
Knowledge, Skills & Abilities (KSA)

KSA Points Eligibility
Requirement s

Business Size Handled 100 to 200 Mn USD for at least 3 years, India Rs. 500 Crores
Team Size (Span of Control) Managed around 10-15 people at SBU level
Portfolios Handled Complete real estate / construction business
Main achievements ERP Implementation, Process Change
Markets handled Africa / India / Middle East
Compliances/Protoc ols/ Standards handled Standard accounting and finance principles of Africa preferable
Core specialties/highlight Must have experience of Financial Data / Business Analytics,
Management Reporting / Dashboards, various Ratio Analysis. Financial planning, optimum use of Funds, Business evaluation
Reporting to CFO
Technologies Worked SAP ERP knowledge preferable
EBITA Margins history 20% to 30 %